Tax offsets available on Aged Care fees

A tax offset is available for taxpayers who have net medical expenses over certain limits. As the costs for aged care can accumulate to a significant amount during the year and if the resident is also paying the means tested care fee, tax relief is available. This is particularly relevant for self funded retirees.

The tax offset can include a range aged care fees,but does not include the accommodation deposit.

Please call PrimeCare Financial Planning on (03) 9006 1736, for more information on this tax offset.

Disclaimer: The information above is for general use only. It is not intended for personal financial advice.

Why PrimeCare?

Our Team

Founder and co-director. CFP®, BA, Grad Dip Sociology, Diploma FP. She commenced PrimeCare Financial Planning in 2007 in response to a growing community need to provide personal financial advice to people working through the financial maze for Aged Care.

Robert Martin is Co-Director of PrimeCare Financial Planning, Aged Care Specialist Financial Planner and Placement Manager. He has been involved with aged care services industry for over seven years with a focus on understanding the clients’ priorities. Robert has helped hundreds of families move into aged care. His strength is to match an appropriate facility with the care needs of loved ones and their financial capacity. He assists families from start to finish on the aged care pathway and prides himself on his RAD negotiating skills and clear explanations of the aged care financials.

Robert has a Diploma in Financial Planning and a Bachelor of Engineering Degree from Monash University. He is an Authorised Representative for PrimeCare Financial Planning Pty. Ltd AFSL 473 141.